MFS California Municipal Fund (NYSEAMERICAN:CCA) declared a monthly dividend on Thursday, August 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, August 15th will be given a dividend of 0.04 per share on Friday, August 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Tuesday, August 14th. This is a positive change from MFS California Municipal Fund’s previous monthly dividend of $0.04.
MFS California Municipal Fund has decreased its dividend payment by an average of 1.5% per year over the last three years.
Shares of CCA traded down $0.01 during trading hours on Friday, hitting $10.34. 2,200 shares of the company were exchanged, compared to its average volume of 7,449. MFS California Municipal Fund has a 52 week low of $10.16 and a 52 week high of $14.00.
MFS California Municipal Fund is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in debt securities the interest on which in the opinion of issuer counsel is exempt from federal regular income tax and California personal income tax.
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